Paying Taxes in the former Yugoslav Republic of Macedonia

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Macedonia, FYR, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Corporate income tax12 2510.0%taxable profit12.1 
Property transfer tax1 -3.0%sale price1.8 
Fuel tax1 -24.396/literliter consumption1.6 
Additional health contribution and water contribution 12 280.7%gross salaries0.8 
Municipal fee1 -fixed fee (MKD 8,000) 0.1 
Property tax1 -0.1%land value0.1 
Value added tax (VAT)12 2218.0%value added not included
Totals:40 75  16.4 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.